219 Utica-area Partners Trust workers losing their jobs

Friday

More than 200 Utica-area Partners Trust Financial Group jobs will be cut as M&T Bank Corp. takes control of the company, M&T officials said today.

More than 200 Utica-area Partners Trust Financial Group jobs will be cut as M&T Bank Corp. takes control of the company, M&T officials said today.

On Wednesday, M&T mailed letters to all Partners Trust employees notifying them about the future of their positions, said Brian Hickey, executive vice president and upstate area executive at M&T.

The cuts will be effective the end of the year and include:

* 219 jobs in the Utica area.

* 101 in Binghamton

* 62 in Syracuse.

Buffalo-based M&T announced in July that it was acquiring 168-year-old Utica-based Partners Trust, including 33 branches in Oneida, Herkimer, Broome, Chenango, Onondaga and Tioga counties, for $555 million.

Because of job redundancies related to back-office operations, the processing center on Ellinwood Drive in New Hartford will close during the first quarter of 2008, Hickey said.

Employees at the bank’s branches will not be affected, he said.

Partners Trust had 771 employees — 394 in the Mohawk Valley, 140 in Syracuse and 237 in the Southern Tier — as of June 30.

With more than 650 branches in Washington, D.C., and seven states, including Maryland and Pennsylvania, M&T has more than 13,000 employees. About 7,100 of its employees are in Upstate New York, according to M&T.

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